Where it fits in a quantum computer
Builds photonic quantum computers: Aurora (Jan 22, 2025) links 35 photonic chips with 13 km of fibre at room temperature, and in Q2 2026 it raised foundry runs on thin-film lithium niobate (about 75%) and silicon nitride (about 50%) with an in-house packaging facility; its PennyLane software runs across modalities. It listed on Nasdaq and the TSX after its business combination with Crane Harbor Acquisition Corp. closed on March 26, 2026, and is in DARPA QBI Stage B.
What the evidence establishes
Quantum-computing evidenceDisclosed: Xanadu’s 20-F and Q2 2026 results release describe Aurora, its chip platforms, listing and financials; DARPA lists it in QBI Stage B.
An explicit quantum-computing product, design-in, supply role, program or partnership, such as a part sold for quantum computers or a named quantum-computer customer. For a maker, it means the company’s own quantum computers or processors. This does not establish revenue, market share, volumes or future sourcing.
Listed as a quantum-computer maker for its own systems, not as a supplier of the parts inside.
| Component role | Photonic quantum computers (Aurora) and PennyLane software |
|---|---|
| Evidence | Disclosed: Xanadu’s 20-F and Q2 2026 results release describe Aurora, its chip platforms, listing and financials; DARPA lists it in QBI Stage B. |
| How we know | Disclosed The company’s own filing, release, annual report, product page or investor record describes the quantum-computing role. Where customers are unnamed, the listing says so. |
| Primary source | Xanadu Quantum Technologies — supporting disclosure Company or official disclosure; vendor claims are attributed to their source. |
| Checked | . This is the research review date, not the source publication or quote time. |
Keep in perspective
Revenue is small (2025: $4.6 million, $4.2 million of it professional services; Q2 2026: $1.5 million) against a $42.1 million Q2 net loss, and fault-tolerant machines are roadmap goals.
Specialist business exposure. This describes the breadth or role of the business; it is not an investment rating. A quantum-computing product, design-in or partnership does not by itself establish material quantum revenue, market share, or future returns.
Connections to the assembly
This company is mapped at sector level. The reviewed evidence does not establish a direct match to a specific illustrated part. Explore quantum computer makers for the broader relationship.
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